0001019155-03-000046 Sample Contracts

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THE BANK OF NEW YORK
Telkom Sa LTD • January 30th, 2003

Re: Deposit Agreement dated as of ___________, 2003 (the "Deposit Agreement") among Telkom SA Limited, The Bank of New York, as Depositary, and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued thereunder

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